Sam Bankman-Fried, convicted of defrauding customers of the now-bankrupt FTX cryptocurrency exchange he founded, has appealed his conviction and 25-year prison sentence. Defense lawyer Marc Mukasey announced the appeal during Bankman-Fried’s sentencing hearing. Prosecutors labeled the case one of the largest financial frauds in U.S. history. Bankman-Fried’s appeal could be lengthy, with his legal team…
A New York appeals judge denied Donald Trump’s third attempt this week to delay his April 15 trial. Trump’s lawyer argued for a delay because the judge overseeing the case hadn’t ruled on their request for him to step down. The lawyer also contended that the judge erred in refusing to bar prosecutors from presenting…
A legal setback looms for former President Donald Trump as a New York court rejected an insurance company’s attempt to post a $175 million bond for him while he appeals a fraud judgment. The decision by the court not to accept the bond from Knight Specialty Insurance Company could pave the way for New York…
Families of the victims from two tragic Boeing 737 MAX crashes are intensifying their calls for criminal prosecution against the aerospace company following a mid-air incident in January that exposed persisting safety concerns. Representatives of the victims are set to meet with U.S. Justice Department officials to assert that Boeing breached a 2021 agreement with…
Arizona’s highest court has resurrected a law from 1864 that effectively prohibits abortion in nearly all circumstances, further diminishing reproductive rights in a state where abortion was already restricted after 15 weeks of pregnancy. In a 4-2 decision, the Arizona Supreme Court sided with an anti-abortion obstetrician and a county prosecutor who defended the law…
New York City has agreed to pay $17.5 million to settle a class-action lawsuit over the forced removal of hijabs in mug shots. The settlement stems from a lawsuit filed in 2018 by Jamilla Clark and Arwa Aziz, two Muslim women who were compelled to remove their hijabs by New York Police Department officers during…
Terrence Howard, known for his role in Fox’s “Empire,” has filed a lawsuit against Creative Artists Agency (CAA), claiming he was unfairly compensated compared to his white counterparts. In a recent interview on the set of his late film, Howard explained the motivation behind the lawsuit, shedding light on the alleged discrepancies in pay. “I…
On Monday, Donald Trump took a significant legal step by filing a notice of appeal in his New York criminal case, which revolves around allegations related to hush money paid to a porn star. This move appears to be a final attempt to delay the upcoming trial scheduled for April 15. According to records from…
A jury in Manhattan has found Singapore-based Terraform Labs and its founder, Do Kwon, liable on civil fraud charges brought forth by the U.S. Securities and Exchange Commission (SEC). The verdict, delivered in federal court following a two-week trial, concluded that Terraform and Kwon misled investors before the collapse of their stablecoin in 2022, which…
Get the latest news straight to your inbox.
Copyright 2024 American Law Reporter. All rights reserved.